MUL - Multiemedia Limited

[Joe Blow]

Re: MUL - Where to from here?

Bollinger bands are contracting again, indicating the possibility of another break out. This chart is only up until the end of trade yesterday (Wed 10/11/04). A look at a dynamic chart today shows the bands continuing to tighten.

Incidentally, this is the first time since February that we have seen the Bollinger bands for MUL curve upwards.

It all points to some interesting times ahead for MUL.

 

[crocdee]

Re: MUL - Where to from here?

hi all
yes tend to agree with joe bollinger bands have now come together and starting to track sideways. volume has picked up a little over the last 2 days rsi is starting to move upwards from a low of 30 and the stochastic indicator is moving up from a low.
maybe next week an announcement lets hope it is sooner than later.

regards croc

 

[tech/a]

Re: MUL - Where to from here?

People.

Bollinger bands are simply 3 M/A's

The upper band is displaced 2 deviations
The lower the same
The central is the 20 day M/A.

All the Bands record is the Past 20 days price action in context of 3 m/a's

Of course they will be pointing up as there was a buying frenzie for a day or so.
Of course they will be narrowing as the Close after the frenzy has very little range.

The bands indicate nothing of the future.
If price does breakout it wont be because of the bands.Only some form of news will see this penny react.

RSI and Stochastic measure price in the same manner just that different references to price make up their components.
Again they will react exactly as they have because of PAST price action,the small 2 tick rise yesterday is enough to show a small movement off of lows for both.

You really must learn how an oscillator/indicator is calculated so you can quantify its value to your trading.
They are NOT predictive in anyway shape or form.

Price will do whatever it does in spite of indicator A,B,C,D not BECAUSE of them.
Indicators/Oscillators are derived from price not the other way round.
(Price derived from oscillator/indicator prediction/action).

tech

 

[crocdee]

Re: MUL - Where to from here?

thanks for the lesson tech.
regards croc

 

[stefan]

Re: MUL - Where to from here?

The bands indicate nothing of the future.
If price does breakout it wont be because of the bands.Only some form of news will see this penny react.

RSI and Stochastic measure price in the same manner just that different references to price make up their components.
Again they will react exactly as they have because of PAST price action,the small 2 tick rise yesterday is enough to show a small movement off of lows for both.

You really must learn how an oscillator/indicator is calculated so you can quantify its value to your trading.
They are NOT predictive in anyway shape or form.

Price will do whatever it does in spite of indicator A,B,C,D not BECAUSE of them.
Indicators/Oscillators are derived from price not the other way round.
(Price derived from oscillator/indicator prediction/action).

VERY WELL PUT! It could be straight from my heart so I had to quote it in its full length again. I've tried to point this out a few times with little success.

They are NOT predictive in anyway shape or form.

Correct! How could a chart ever be predictive on a penny stock when all it does is showing historical data? It's like saying that we will get rain tomorrow because we did so last Tuesday and the Tuesday before that.

Anyway, I'm sure charts and technical analysis are helpful in many ways, but I don't see how they will ever be able to predict movement of a penny stock which only ever runs when there's news around.

Happy trading

Stefan

 

[tech/a]

Re: MUL - Where to from here?

Stef.

Few grasp that which you have.

Im technically based(or bent!!)myself and have the dubious distinction of attaining the highest pass mark in the Securities Institute exam of 97.

Technical analysis and its CORRECT use is a topic on its own.

Ill be bringing this into the tutorial on the other thread.

Seems from the response to the thread so far many heads are scratching or finding it just plain hard.

 

[stefan]

Re: MUL - Where to from here?

Technical analysis and its CORRECT use is a topic on its own.

Yes, as I said, I think tech analysis is useful in many ways but its users tend to apply it to whatever stock is around without being able to differ.

Ill be bringing this into the tutorial on the other thread.

I'm looking forward to your next topic in the other thread.

Happy trading

Stefan

 

[markrmau]

Re: MUL - Where to from here?

I remember deciding that I should buy ORI recently (at about $15.4). I didn't because of the negative divergence between the share price and stoch. oscillator. BAH!

 

[tech/a]

Re: MUL - Where to from here?

Mark.

Now something to help with the confusion.

Diversion is one of the few leading indicators (leading as in looking forward).
However like all technical plays the indicated outcome should not be traded without confirmation by price.

Even then that begs the question of ---How long is a signal valid?
OR invalid.

 

[markrmau]

ori - when T/A is not easily interpreted.

Diversion is one of the few leading indicators (leading as in looking forward).However like all technical plays the indicated outcome should not be traded without confirmation by price.

Yes, if the attached image works, it can be seen ori was in an overall uptrend. However, the stoch osc. always had a divergence - supposedly an indicator that the trend would finish soon. So I never bought.

You could argue that the divergence around Oct 25 correctly predicted the next upswing, but I don't think its valid to pick and choose when a system works or not. As you say, the share price (and hence oscillators etc) were always reacting to external news (such as botany bay clean up costs and incitec doing well), NOT the share price reacting to the tech analysis.

When would you have bought, assuming you had decided on a fundamental level that it was worth buying?

Cheers,
Mark.

 

[tech/a]

Re: MUL - Where to from here?

Mark great chart and worth some seperate discussion.

Ill post a new thread tonight.

John

 

[Joe Blow]

MUL holders: Are you taking up the new share offer?

I'm still undecided and am waiting to see what happens to the share price over the next week.

Anyone made up their mind?

 

[crocdee]

Re: MUL holders: Are you taking up the new share offer?

not for me
regards croc

 

[DRUGGIST]

Re: MUL holders: Are you taking up the new share offer?

I was surprised to get a call from Multiemedia information line wanting to know if I was going to take up my entitlement this morning.

Are things that desperate?

I still hold one million shares but don't want any more.

Druggist

 

[Lucstar]

Re: MUL holders: Are you taking up the new share offer?

I'm waiting to see if the prices of MUL increase dramatically or not. If it rises to above 4 cents b4 the offer ends, then i will sell my current holdings and take up the offer. This way i'm not buying or selling any more shares, i'm simply lowering my entry price average

 

[Porper]

Re: MUL holders: Are you taking up the new share offer?

I am feeling pretty much like Lucstar, I feel very reluctant to spend any more money on MUL, if they rise sharply before the deadline I may buy some to lower my entry point, but to be honest I would rather get rid of my shares altogether & have done with it. :bad:

The market is going well at the moment & there are good buys to be had,I feel my money is being wasted sat around waiting to see if they can get their act together. I feel that management is greedy (they are the ones to make an obscene ammount if Mul go up).Plus all this business of ringing people up to see if they will take up the offer is a bit alarming.

Just incase it isn't clear enough--------------- I don't trust management & feel I made a mistake buying them.:bad:

 

[kooka1956]

Re: MUL holders: Are you taking up the new share offer?

I'm waiting to see if the prices of MUL increase dramatically or not. If it rises to above 4 cents b4 the offer ends, then i will sell my current holdings and take up the offer. This way i'm not buying or selling any more shares, i'm simply lowering my entry price average

As mentioned in the other thread I have already sold 150,000 shares to take up 166,666 shares I,ve made a few hundred dollars and will increase my holdind by 16,666 at no extra charge. I am truly surprised that none of you took up the opportunity to sell at 3.5 or 3.6 cents to take up shares at 3 cents . The profit was there to be made .yOU MAY HAVE MISSED OUT ON THAT OPPORTUNITY THIS WEEK .I think it was Lucstar that pointed that out . Yes I am taking up my full entitement rather than sitting on current holding. Take the profit while its there . You may not be able to do so the following week . Regards KOOKA

 

[stefan]

Re: MUL holders: Are you taking up the new share offer?

The market is going well at the moment & there are good buys to be had,I feel my money is being wasted sat around waiting to see if they can get their act together.

That's the problem with those who are holding MUL with money they could use somewhere else. If you can't hold this thing for the longterm, then you're betting on the wrong horse. There is no indication whatsoever that MUL will move quickly within weeks. In fact, rather the opposite is true. With the float of those new shares, more selling pressure will arise (as such it would be good if the price wouldn't move up too much for now) and if they can't fight it with good news, it will take quite a while until we see a decent increase in value.

As far as the calling up shareholders goes, I'm guessing that they are having trouble simply because investors will hold on until the very last moment. It may still be filled but only within the last 2 days. I'm not going to take up the offer as I'm holding quite enough shares already.

Happy trading

Stefan

 

[Porper]

Re: MUL holders: Are you taking up the new share offer?

I totally agree, people are taking it to the last day before deciding, I have until 23rd to get my application in.

One of the things that bothers me is if they are that concerned about the likelihood of holders not taking up the offer, then they would release some good news.In my view if nothing is forthcoming soon then I don't think they will have anything of value to release for a fair while.

You are also correct Stefan in that it is frustrating watching MUL do nothing (In price terms) when there are things really happening out there at the moment.I for one have a couple of stocks I am ready to buy but unfortunately I am now fully invested.:angry:

 

[stefan]

Re: MUL - Where to from here?

Clinton Starr is no more. That's good news as far as I'm concerned. It won't have an impact on the share price but I'm glad he's off the board. He's been responsible for selling lots of his shares over the last year and directors selling shares is always a bad sign even if he had his personal reasons funding his new company with MUL money.

Happy trading

Stefan